Under macroeconomics we will study economics from aggregate level. We will talk about the whole economy, problems related to economy, central banks, role of government, balance of payment, international trade and so on.

Showing 40 results for "Macroeconomics"

GDP and Welfare

GDP is considered as an index of the welfare of the people. Welfare means the sense of material well being among the people. So, higher GDP indicates the greater welfare…

Real and Nominal GDP

We have seen the GDP aggregates, gross and net investment, Methods of GDP calculation and now we will learn about real GDP and nominal GDP. Which is considered to be…

How to Calculate National Income with the Expenditure Method?

Under national income accounting, we have seen the first two method: Value-added method, Income method, now we will understand the third and final method for the calculation of GDP, which…

How to calculate GDP with Income Method?

We have done the basic conversion in national income, which helped us in understanding the GDP calculation under the value-added method. Now, the second method to calculate GDP is the…

Value Added Method

Value Added Method of National Income

There are 3 main methods for calculating National Income; Value-added method, Income method, and the Expenditure method. Today, I will be explaining the value-added method but To understand this method…

What are investments?

What is the gross and net investment?

I will be discussing some specific terms under investments from the national income accounting point of view. I know there are several types of investments, feel free to leave your…

Consumer equilibrium in case of utility analysis

What are the conditions of consumer’s equilibrium under utility analysis?

This is an interesting topic for all economics students to learn. Although this theory does not apply practically, it forms the basis for consumer behavior. So, today we will learn…

Circular Flow Of Income: In The Two-Sector model

This is an important topic from National Income which we should know if we are good economics experts. The Circular Flow Of Income shows how income circulates in any economy.…

National Income: Formulas & Tricks

We have already discussed the meaning and basics of National Income. Now, as per the request from one student on social media, I am going to discuss some basic conversion…

What is National Income?

One of the most scoring and my favorite topic in macroeconomics is ‘National Income’. In some schools, teachers have already started with macroeconomics. National income is the sum of the…

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